Evolution Mining Says March Quarter Gold Production, Sales Fall; Copper Production Increases

MT Newswires Live

Apr 15, 2025

Evolution Mining (ASX:EVN) reported production of 179,778 ounces of gold and 19,450 tonnes of copper during the March quarter, compared with production of 194,793 ounces of gold and 18,554 tonnes of copper in the December 2024 quarter, according to a Tuesday Australian bourse filing.

The firm reported sales of 185,614 ounces of gold and 18,520 tonnes of copper during the period, compared with sales of 192,120 ounces of gold and 20,757 tonnes of copper.

Its achieved gold price increased by 11% in the quarter to AU$4,512 per ounce, representing 98.5% of the average spot gold price.

The company's fiscal 2025 production guidance remains unchanged at 710,000 to 780,000 ounces of gold and 70,000 to 80,000 tonnes of copper at an all-in-sustaining cost of AU$1,475 to AU$1,575 per ounce.

The scheduled maintenance shutdown at the firm's Ernest Henry operations in Queensland was completed, while the shutdown at its Cowal operations in New South Wales remains on schedule.

The company's Mungari mill expansion project in Western Australia was delivered ahead of schedule and under budget, per the filing. The commissioning of the project started on April 3, which will continue through the June quarter.

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